What document outlines the action plan and associated costs for the upcoming year?

The budget is the document that specifically outlines the action plan and associated costs for the upcoming year. This document provides a detailed financial framework that includes anticipated income and expenditures, helping organizations allocate resources effectively. It helps in planning for various activities, programs, or projects, ensuring that the necessary funding is in place for implementation.

In contrast, an annual report typically summarizes the prior year's activities, financial performance, and achievements of the organization rather than serving as a forward-looking financial plan. A strategic plan focuses on the long-term goals and direction of the organization but does not provide the specific financial details for the upcoming year as a budget does. An operational plan outlines the day-to-day operations and activities within an organization but again does not include the broader financial resources needed for the upcoming year as the budget does.